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Capital gain

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(Querist)
23 July 2012 My father sold his parental property. After that he buy two residential property, one property as investment and another his resident purpose. His residential property going on construction. please suggest how to calculate his capital gain and which exemption adopt. Both new properties are residential.
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
24 July 2012 the property with the more cost should be adopted for Exemption
So as to minimize capital gain
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